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Beltone Financial studying solar energy investments [Arab Finance (Egypt)](Arab Finance (Egypt) Via Acquire Media NewsEdge) Cairo - Egypt's Beltone Financial Holding ( BTFH) Chairman Alaa Saba said that the firm's general strategy changed to focus on mainly the Egyptian market, in light of the economic and political changed which predicts a potential market growth, AlMal newspaper reported. The regional activity of the firm will focus on attracting investment to the local market, he added without giving further detail. Beltone's offices in Dubai and London are focusing on attracting clients to Egypt, and that the company exited the Qatari market 8 to 9 months ago, Saba revealed. In order to benefit from the Egyptian economic reform, the company is looking into investing in energy sector in the next period, through the establishment of a new company to invest in solar energy, either with financial investors or strategic, He added. Beltone's chairman said that the operational aspects of the project are still under study. Investing in Energy became attractive, after the amendment to the regulatory rules and setting a new energy tariff which will contribute motivate investors to enter the field, He added. In the financial advisory sector, the company is working on executing 4 IPOs in the Egyptian market in the next period. The value of each deal is worth between LE 750 million and LE 1 billion, Saba revealed. Beltone is targeting the execution of the deals in the first half of next year, saba added without specifying the sector of the companies. Source: AlMal newspaper & Arab Finance Editor (c) 2014 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |